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“While we’ve made substantial progress, our work is not finished. We’ll continue working with operators to recover funding for communities, improve compliance and maintain public confidence in the integrity of class 4 gambling.”

Alongside the recovery of NZ$11.5 million, the DIA also took action against the class 4 gambling society One Foundation.

One Foundation’s operating licence was suspended for six days after the DIA identified accounting failures relating to gambling proceeds, as well as a failure to surrender a licence for one of its pokies venues when required by law.

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How Bitcoin SV provides data ledger for Internet of Things – The Internet of Things depends on fast, unfailing data. This recap from a CoinGeek Live 2020 presentation explains how the Bitcoin SV’s low transaction fees allows that data to be stored on the blockchain for minimal costs.

Bitcoin SV is capable of 9000 transactions per second – In January 2021, the Bitcoin SV (BSV) Scaling Test Network (STN) reached a new height processing over 9,000 transactions per second. If your business needs an enterprise solution the TPS potential opens up a world of possibilities as to what can be done on-chain.

Bitcoin SV is capable of enterprise data management – At Sir Anthony Ritossa’s 13th Global Family Office Investment Summit in Dubai, a panel of Bitcoin experts explained how Bitcoin SV is already helping enterprises and governments, digitizing currency and data to solve existing challenges.

Bitcoin SV, big data and the Internet of Things – This article recaps a few of the large non-gaming enterprises that have integrated or are starting to integrate Bitcoin SV into their operations. Notably EHR Data, a data driven health services company, and UNISOT, a global supply chain company have already found success with Bitcoin SV. 

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While sports event contracts remain the headline-grabbers for prediction market operators, there’s evidence that other categories are experiencing growth. As Bernstein points out, cryptocurrency event contracts account for at least 20% of the turnover on the two largest prediction markets.

In another encouraging non-sports sign, one of those operators notched just $2 million in commodities volume last year, but that figure surpassed $410 million in August alone and is approaching $600 million on a year-to-date basis.

Bernstein estimates the global market for financial contracts will grow to $900 trillion by 2035, up from $700 trillion last year, and if prediction markets capture just 0.5% of that total, volume would increase by $4.7 trillion per year.